Acquisitions

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    • Chicago Tribune and LA Times Acquired for $8 billion

      Posted by Jeff from Bloomberg

      Chicago-based Tribune, which spent six months looking for a buyer, chose a deal with a local investor rather than a similar offer from California businessmen Ron Burkle and Eli Broad. The company will take on $8.4 billion in debt to fund the $34-a-share offer. Zell said he will pay down debt by selling the Chicago Cubs baseball team.

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    • MySpace CoFounder Says Purchase Was A Scam

      Posted by Jeff from Chineseinvancouver.blogspot

      Funny commenter: "i founded myspace as a how-to site on html design etiquette. myspace was originally intended to focus on page readability, intelligent page layout, good user experience, intuitive controls, and subtle interaction. i could be overreacing, but i think something went wrong somewhere though..."

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